MULTI-TENANTED Commercial Investment Property - Industrial Warehouse Paget Mackay
Mackay City Property Commercial are pleased to present to the market this multi-tenanted investment opportunity consisting of two Industrial Units located at 25 Ginger Street, Paget QLD 4740.
Key features as outlined below:
NET RENTAL INCOME $99,756 pa* - Leases 5y ending in 2026 + Option of 5y - Annual Increase by CPI
Building GFA 600 m2*
Tenancy 1 of 250 m2*- leased to Coal Services Group (Mines Rescue pl t/a CMTS)
Tenancy 2 of 350 m2*- leased to SRG Global Asset Care Pty Ltd (ALS Industrial)
Both, large corporations & long-term tenants of 13+ years
Land Area 909 m2* in a corner location, with dual access
Located in Paget premier industrial precinct and only a stone's throw from Mackay Airport
Expressions of Interest Closing Tuesday 18 July 2023 at 4pm (AEST)
Contact the marketing agent to request an Information Memorandum.
Disclaimer:
The Agent does not give any warranty as to errors or omissions, if any, in these particulars, the provided information from the Vendor can be deemed reliable but not accurate. Any persons interested in the property should conduct their own research.
The size of Paget is approximately 14.1 square kilometres. It has 11 parks covering nearly 6% of total area. The population of Paget in 2011 was 360 people. By 2016 the population was 291 showing a population decline of 19.2% in the area during that time. The predominant age group in Paget is 50-59 years. Households in Paget are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paget work in a machinery operators and drivers occupation. In 2011, 62.4% of the homes in Paget were owner-occupied compared with 44.6% in 2016.
Paget has 879 properties. Over the last 5 years, Houses in Paget have seen a 61.76% increase in median value, while Units have seen a 137.26% increase. As at 31 October 2024:
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